{"id":41747,"date":"2024-11-06T12:27:09","date_gmt":"2024-11-06T18:27:09","guid":{"rendered":"https:\/\/www.citizensutilityboard.org\/?p=41747"},"modified":"2025-05-06T14:52:44","modified_gmt":"2025-05-06T19:52:44","slug":"powermarket-cubs-evaluation-of-powermarkets-community-solar-offer","status":"publish","type":"post","link":"https:\/\/www.citizensutilityboard.org\/blog\/2024\/11\/06\/powermarket-cubs-evaluation-of-powermarkets-community-solar-offer\/","title":{"rendered":"PowerMarket: CUB\u2019s evaluation of PowerMarket\u2019s community solar offer"},"content":{"rendered":"

\"\"<\/a>PowerMarket is a community solar company offering subscriptions to income-eligible ComEd and Ameren customers. If you are not already familiar with Community Solar, we recommend reading CUB\u2019s <\/span>Introduction to Community Solar<\/a><\/strong> first. This is an income-eligible offer, but it is not through the state program designed for lower-income customers, Illinois Solar for All (Learn more<\/strong><\/a>).<\/span><\/p>\n

How will signing up for the PowerMarket community solar offer affect my electric bill?<\/strong><\/p>\n

PowerMarket will look at your annual electricity usage history to determine your community solar subscription size, which is measured in kilowatts (kW). Once your subscription is activated, each month, your subscription will produce solar energy, measured in kilowatt-hours (kWh). The supply section of your electric utility bill will be credited for what your subscription produced that month. PowerMarket offers net consolidated billing, meaning they can charge you for those solar credits right on your electric bill,\u00a0 but with a <\/span>32-38%<\/strong> (depending on utility)<\/span> discount applied<\/strong>.<\/strong> You will never receive an invoice from PowerMarket and you will continue to pay your utility bill directly.<\/span><\/p>\n

Example: Say you are currently paying your electric utility 10 cents\/kWh (hypothetical, not based on actual utility prices)<\/i>. Through PowerMarket community solar, you will be paying around 6-7 cents\/kWh (32-38% discount on the supply) for any electricity produced by the farm.<\/span><\/em><\/p>\n

Your subscription size is designed to provide credits for your full electricity usage for the year, though there will be changes in your subscription\u2019s energy production from month to month. For example, your subscription will produce less in winter, but more in summer, and your credits from the summer will roll over to help cover your electricity usage in winter.<\/span><\/p>\n

What about alternative suppliers?<\/strong><\/p>\n

All customers, regardless of their alternative electricity supplier, can now receive solar bill credits as part of a community solar program. Click here to learn more about alternative suppliers for consumers in <\/span>ComEd territory<\/a><\/strong> and <\/span>Ameren territory<\/a><\/strong>.<\/span><\/p>\n

What does CUB think about this offer?<\/strong><\/p>\n

Community solar allows more Illinois consumers to access the benefits of clean energy, and CUB is pleased to see more offers hit the market. PowerMarket, using federal funding, specifically offers deals to income-eligible households.<\/span><\/p>\n

This chart summarizes key points about the PowerMarket deal:<\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n
What utility territory does the company serve?<\/strong><\/td>\nComEd and Ameren.<\/span><\/td>\n<\/tr>\n
Does the company offer savings?<\/strong><\/td>\nYes. Ameren= 32%, ComEd=38%<\/span><\/td>\n<\/tr>\n
Is there a credit check when I sign up?<\/strong><\/td>\nNo.<\/span><\/td>\n<\/tr>\n
What is the contract term?<\/strong><\/td>\nNone, Up to 25 years.<\/span><\/td>\n<\/tr>\n
Is there an \u201cexit fee\u201d for leaving the contract early?<\/strong><\/td>\nNone.<\/span><\/td>\n<\/tr>\n
What are my billing options?<\/strong><\/td>\nUtility Consolidated Billing.<\/span><\/td>\n<\/tr>\n
Contact<\/strong><\/td>\nPhone: (309) 857-7008<\/span><\/p>\n

Email: neer@powermarket.io<\/span><\/td>\n<\/tr>\n

Eligibility<\/strong><\/td>\nMust be participating in:<\/span><\/p>\n